SPY vs USFE
State Street SPDR S&P 500 ETF Trust vs First Eagle US Equity ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | USFE | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.45% | |
| AUM | $821.1B | $3M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 57 | |
| YTD Return | +13.21% | +9.33% | |
| 1Y Return | +19.87% | - | |
| 3Y Return (annualized) | +21.16% | - | |
| 5Y Return (annualized) | +12.74% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -9.4% | |
| Fund Family | State Street Investment Management | First Eagle Investments | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Jan 27, 2026 |
SPY vs USFE Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and First Eagle US Equity ETF (USFE) is a ETF from First Eagle Investments. Year to date, SPY is up 13.21% versus a gain of 9.33% for USFE.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -9.4% for USFE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while USFE charges 0.45%. On a $10,000 position that is $9 vs $45 annually, a gap of $36 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for USFE.
Holdings Overlap
SPY and USFE share 38 holdings out of 519 unique holdings combined, representing a 11.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or USFE?
SPY has an expense ratio of 0.09% while USFE charges 0.45%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
What is the holdings overlap between SPY and USFE?
SPY and USFE share 38 common holdings with a 11.1% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, SPY or USFE?
SPY yields 1.01% while USFE yields 0.00%, so SPY currently pays the higher dividend yield.
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